Memeinator presale tops $1.5M – Is it game over for weak meme coins?

Memeinator is one of the new projects in the memecoin industry that’s seeing growing interest in its presale, with an “A” game on display in terms of social engagement.

This comes as some of the recent hot meme coins like Bonk (BONK) and Pepe (PEPE) declined. CoinGecko data shows BONK has dropped 14% in the past week; PEPE’s double-digit lull is at 11%. Meanwhile, after a slow grind in stage 6 of the presale, Memeinator has accelerated past the $1.5 million mark within hours.

Why is investor attention on Memeinator rising and what might this mean for the native token?Is it game over for the many copycats and weak meme coins?

Let’s have a look.

What is the Memeinator?

Memeinator (MMTR) is a project on a mission, back from the future to bring order and reclaim meme culture in a world painted bleak by the unchecked spawning of subpar meme coins. Inspired by the 1990s “Terminator” movies, the Memeinator comes equipped to deal with every low quality and scam meme token.

Judgment day is moving closer with its presale and platform development.

When the meme coin launches, the first milestone will be to locate and destroy all useless tokens in the memesphere, a purge targeted at landing the native MMTR token past the $1 billion market cap.

How does Memeinator work?

The Memeinator will clean this landscape with the help of a resistance movement riding on the power of artificial intelligence (AI) and blockchain. As well as leveraging these technologies to build a robust project, the Memeinator will look to incorporate real utility for the community.

For instance, harnessing the power of AI will allow it to bring the play-to-earn economy to the community. The product here will be the action-packed “Meme Warfare” game. It’s where gamers will note just get a chance to crush weaker coins, but earn from it as they help the ecosystem get better.

Other notable features will include staking rewards and exclusive NFTs. In terms of tokenomics, Memeinator has a total supply of 1 billion MMTR. The community will hold 85% of this, all of which available through the presale.

Memeinator getting noticed

With the Memeinator (MMTR) token currently in presale, the team’s target is likely to build out a community strong enough to drive the project’s ambitious roadmap. A look at some metrics show that the Memeinator’s movement is quickly building.

As highlighted on the project’s website (accessed November 27), viral marketing already has social media engagement at over 5 million and number of media mentions upwards of 2,500. Part of this is down to the massive giveaways on offer these past few weeks.

Good news is that a lot more remains in store – the $250k Virgin Galactic trip to space, an innovative referral program and weekly cash prizes. The official Memeinator X account has updates to all of these and much more.

MMTR presale hits $1.5 million – Game over for weak meme coins?

With the meme coin market currently a $20 billion industry, one would expect more mature projects. That isn’t the case as many projects are only content at being copycats of the hype-driven legacy memes. Changing the narrative is Memeinator’s mission.

If anything, it could be game over for weak meme coins already. The level of attention this project is garnering is getting bigger by the day. The solid utility the project promises has investor confidence up and interest in MMTR growing.

Investors have thus far poured over $1.5 million into the project, weeks into a 29-stage offering that will likely end at a time that coincides with cryptocurrency‘s next bull market.

If price hits the programmed final presale value of $0.049, investors could be looking at up to 250% upside as tokens begin to trade in the market. Projections of $0.5 to $1 in the bull market suggests taking a long term approach could be more rewarding.

But the real value could be in the product launches, including gamification and staking.